Land Trust recipients get big tax bills

11:25 AM,
Jul. 25, 2014

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The government of Guam decision to assess the value of government-owned Chamorro Land Trust property -- announced last month -- added hundreds of millions of dollars to GovGuam's assets, an accomplishment praised by the administration, which said it could have a positive impact on the government's credit rating.

The change also means some Chamorro Land Trust leaseholders are now being hit with large bills from the Department of Revenue and Taxation for back property taxes.

During a Rev and Tax oversight hearing on Wednesday, Vice Speaker Benjamin Cruz, D-Piti, said a woman who is a ...